JPMorgan Chase & Co. Buys 218,586 Shares of Blue Owl Capital Inc. (NYSE:OWL)

JPMorgan Chase & Co. increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,248,983 shares of the company’s stock after purchasing an additional 218,586 shares during the period. JPMorgan Chase & Co. owned approximately 0.62% of Blue Owl Capital worth $215,131,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after acquiring an additional 25,795 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Blue Owl Capital by 14.7% in the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $1,773,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Finally, Capital CS Group LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $620,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $20.08 on Tuesday. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 118.15, a PEG ratio of 1.23 and a beta of 1.19. The company’s fifty day moving average price is $22.37 and its 200-day moving average price is $22.41. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.58%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OWL. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Citigroup restated a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Barclays initiated coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.